Regional Financial Integration in ASEAN in the Comparative Perspective

33 Pages Posted: 4 Dec 2017

Date Written: November 29, 2017

Abstract

ASEAN regional financial integration evolves within four domains: the banking sector, liberalizing foreign direct investments, liberalizing capital flows, and ensuring regional financial stability. Progress so far has been limited. Regional integration as concerns the liberalization of capital markets and, in particular, the banking sector, proceeds with the most difficulty. By most criteria, ASEAN is well positioned to benefit from deeper financial integration. Comparative analysis also demonstrates that there is a substantial ‘learning factor’ in this technically complicated field: while ASEAN learns about the EU, the Eurasian Union is taking a close look at ASEAN’s experience of integration of the financial markets.

Keywords: ASEAN, regional integration, financial integration, financial stability, capital market, foreign direct investment

JEL Classification: F15, F21, F34, F36, G15

Suggested Citation

Vinokurov, Evgeny, Regional Financial Integration in ASEAN in the Comparative Perspective (November 29, 2017). Available at SSRN: https://ssrn.com/abstract=3079601 or http://dx.doi.org/10.2139/ssrn.3079601

Evgeny Vinokurov (Contact Author)

Eurasian Development Bank ( email )

1st Zachatyevskiy Lane 3b1
Moscow, 191123
Russia

HOME PAGE: http://www.vinokurov.info

Do you have negative results from your research you’d like to share?

Paper statistics

Downloads
100
Abstract Views
537
Rank
479,512
PlumX Metrics